Kosmos Energy restates $400 million revolver, extends to 2022

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Kosmos Energy amended and restated its corporate revolving credit facility, maintaining its $400 million borrowing capacity and extending its maturity date about 3.5 years to May 31, 2022, according to a press release.

Interest has been reduced by 100 basis points to Libor plus 500 bps.

“The amendment and extension to our corporate revolving credit facility enhances our already strong liquidity position,” Thomas P. Chambers, senior vice president and chief financial officer of Kosmos, said in the release. “The improvement in terms reflects the growth and quality of our production base and the continued long-term support we have received from our banks is an affirmation of our strong relationships and track-record for financial prudence.”

Kosmos is an oil and gas exploration and production company based in Dallas.

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